// Name : MA Ribbon
// Date : 20100112
// Release : 1.0
// Language : AFL

// Author : TAMS
// http://www.traderslaboratory.com/for...bbon-6992.html
// Adapted from Easy Language : aaa
// Color : Head2K

// Public license , Terms of use:
// You are required to include this header if you incorporate
// all or parts of the concepts or codes of this indicator.

// Differences with tradestation or Multicharts
// 1) The lenght is adjustable with a slider in a floating window in Real Time
// 2) The loocback is projected in the future

[Head2k]

Originally Posted by aaa »

B sure that On this site I take good care of all views from pro traders like DbPhoenix or you

I've never said that I am a pro trader. DbPhoenix is a pro trader, I am just a beginner like you.

As for the rest of your post, well, it's your journey. My point, and the point of On Virgins and The Tooth Fairy, was just to warn you from looking for reasons where none exist. Price certainly had a reason to turn at that price level. But did this reason have anything to do with 40 periods EMA displaced for 17 periods on a 5 minute chart? I mean, can you even imagine why would it? I can't.

[robertm]

Originally Posted by Head2k »

Just coincidence. What's important is the stair-step based S/R, your white horizontal line. You could have put the whole indicator away and leave just the white line... and see "what happens".

I'll second that :-)

There is also another "Ribbon" code to give you a simple on/off that runs along the bottom of Ami or Metastock to tell you if price is above/below your trend setup condition (MA). Gives you a very clean chart to work with and lets you focus on the s/r levels without any MA's getting in the way.

I have to say I found visual indicators very helpful with those light bulb moments in the early days of system exploration though :-)

[aaa]

It was only an empiric observation 2, eventually, open a new constructive field of reflexion.

[9146894me]

I put The MA Ribbon into the Omega Research Power Editior and it wont verify. Two errors please see the attached file. Any help thanks.

[Tams]

Originally Posted by 9146894me »

I put The MA Ribbon into the Omega Research Power Editior and it wont verify. Two errors please see the attached file. Any help thanks.

word not recognized

that means the indicator is using a new keyword that is not yet available in your version of tradestation.